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Degen Price in India (DEGEN)

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DEGEN to INR Converter

As per last price at 00:00:00, 01/01/70

INR

DEGEN

TRADE DEGEN NOW

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DEGEN Performance

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DEGEN Market Information

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DEGEN Price Today

The live price of Degen is ₹0 per (DEGEN / INR) with a current market cap of INR. 24-hour trading volume is ₹ INR. DEGEN to INR price is updated in real-time. Degen is +0% in the last 24 hours with a circulating supply of .

About Degen (DEGEN)

What is Degen (DEGEN)?

Degen (DEGEN) is a community-focused layer-3 protocol launched in January 2024. It focuses on community engagement and rewards users with DEGEN tokens for posting quality content on the Farcaster platform. Degen Chain aims to offer an efficient and interconnected blockchain ecosystem.

The launch of its native token DEGEN created quite a stir in the crypto community, especially among memecoin enthusiasts. During the launch, 15% of the total supply was airdropped to active members of the Farcaster’s Degen channel.

Primary features of Degen (DEGEN)

The main features of the Degen (DEGEN) include 

• Low transaction fees: The transaction cost on the Degen Chain is low compared to other layer-2 blockchains.

• Community-centric approach: Despite its recent launch, Degen has a powerful community following, a common trait with memecoins. The platform focuses on community involvement that boosts its popularity, adoption, and interest.

• DEGEN token: The DEGEN token powers the Degen Chain. The token is used within the blockchain for transactions. It also incentivizes the community to support the network.

Is Degen (DEGEN) a promising cryptocurrency?

DEGEN is a recently launched memecoin that has been around for just over six months. However, it is quite popular among crypto traders and is listed on major crypto exchanges like CoinSwitch. The DEGEN community and token holders are upbeat about the token as it has the potential to end 2024 on a bullish note. The DEGEN token attribution to the Farcaster ecosystem and a positive attitude toward Layer 3 platforms make DEGEN a promising token, which is forecast to touch a price level of $0.1 shortly.

How do I use DEGEN?

DEGEN token has several utilities, let’s look at some of them: 

• DEGEN, the native token of the Degen Chain, is used to pay gas fees and other transactions on the Degen ecosystem.

• Network participants can earn DEGEN tokens via interactions such as comments, or holding specific NFTs.

• With DegenSwap, token holders can get 100% gas and swap fees reimbursed by staking an equal amount of DEGEN tokens for one year.

• Degen Chain provides grants to projects and developers for creating apps using DEGEN.

• DEGEN tokens can be bought and traded on crypto exchanges like CoinSwitch.

Pros & Cons of DEGEN

Pros

• Low transaction fees. 

• DEGEN is a new crypto with a low market cap. So, early investors have the opportunity to leverage potential price growth.

• DEGEN has strong community support and engagement.

Cons

• Being a new crypto, it is highly prone to volatility.

• DEGEN relies heavily on its community and social media.

• Due to its speculative nature, many feel DEGEN could turn into a cautionary tale among Layer 3 protocols.

DEGEN on CoinSwitch

1. Start investing in DEGEN starting with just ₹100.

2. DEGEN price is updated in INR in real-time.

3. Users can seamlessly manage transactions and portfolios with CoinSwitch.

DEGEN ICO summary

In May 2024, Degen raised $150 million in a Series A funding round. It was led by venture capital firm Paradigm, with participation from Andreessen Horowitz, Haun, USV, Variant, and Standard Crypto. The protocol intends to use the funds to develop the Degen ecosystem and community. Earlier, DEGEN completed an angel investment round led by 1Confirmation, with support from Farcaster leaders and other partners. 

Bitcoin Resources

1. How do I buy Degen?
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To buy Degen, do the following steps:

Step 1:

Sign in to your CoinSwitch app using your registered mobile number. Enter the OTP sent to your phone, then input your CoinSwitch PIN to access your account.

If you don't have an account, click here to register: new account.

Step 2:

After logging in, you'll find your CoinSwitch dashboard. Look at the top right corner for a search icon. Use it to find Degen.

Step 3:

Once you find Degen and are ready to buy, click on the Buy button at the bottom of the screen and follow the instructions to make your purchase.

2. What is the price of Degen?
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The price of 1 Degen is ₹0.

Note: Degen prices are subject to change in the future based on market trends.

3. What is the price of Degen today?
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The current price of 1 Degen is ₹0.

Note: Degen prices are subject to change in the future based on market trends.

4. Can I buy Degen for ₹100?
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Yes! You can buy Degen for as low as ₹100 on the CoinSwitch app.
5. How much is 1 Degen in rupees?
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The current value of 1 DEGEN is ₹0.
6. What is the current trend in Degen?
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DEGEN has been NaN% in the last 24 hours.

DEGEN to INR Converter

As per last price at 00:00:00, 01/01/70

INR

DEGEN

TRADE DEGEN NOW

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.